Inflation reaches 5 percent in January, former head of INDEC

The inflation rate in January reached 5 percent due to “tourism effect” and last week’s devaluation, former head of INDEC statistics bureau Graciela Bevacqua said today.

The main price increments were registered in transportation, fuel and foods, Bevacqua specified.

According to the economist, last year’s inflation reached 27.4 percent, and December’s rate was 2.9 percent.

Bevacqua, who was fired from INDEC in 2007 when former Commerce secretary Guillermo Moreno intervened the institution, considered that the new inflation rate to be revealed in February “can’t be credible because the organism remains politicized”.